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The selloff has continued all morning and is having no impact on the SP.
Surely someone must know what is going on here...
after reading the RNS several times and I understand the profit warning but a nearly 40% drop seems ridiculous this has been on my radar for some time waiting for an opportunity to get in....well today the just gave me one....this is now a strong buy for me at these levels..
Showing as a sell.
You can see the RNS over on ADVFN.
Outlook
We wish to express our gratitude to all of our colleagues, who have achieved a huge amount during the last year to give XPS a strong platform from which to grow organically and inorganically. The Board expects total revenue growth for the Group of mid-single digit percentage in 2020 with Pensions broadly flat and other divisions showing good year on year growth. Exiting the discounted TSA early and bolstering central functions will benefit the Group operationally but will cause a cGBP2m per annum step up in the cost base. In combination the change in the mix of business and the one off increase in central costs is expected to temporarily impact the growth in profits for the next 12 months.
The Group has traded in line with these expectations in the first two months of this financial year.
The SP reaction is bizarre., bought at 99.
Is it me .. but the results look fine?? I presume the drop is because the market expected even better or is there a section on outlook that isn't great? Thanks..
Doesn't seem too negative or am I missing something?
Thank you!
LSE site is absolutly shite for posting RNS's I always use ADVFN
results were out at 7am
XPS Pensions Group PLC Full Year Results
27/06/2019 7:01am
UK Regulatory (RNS & others)
Xps Pensions (LSE:XPS)
Intraday Stock Chart
Today : Thursday 27 June 2019
Click Here for more Xps Pensions Charts.
TIDMXPS
RNS Number : 6162D
XPS Pensions Group PLC
27 June 2019
27 June 2019
XPS Pensions Group plc
Final results for the year ended 31 March 2019
Creating a platform for longer term growth and success
XPS Pensions Group plc ("XPS" or the "Group"), the pensions actuarial, investment consulting and administration business, is pleased to announce its full year results for the year ended 31 March 2019.
Financial Highlights:
Continuing operations FY 2019 FY 2018 Change FY 2018 (pro-forma)
Restated(1) YoY (2)
Administration GBP37.5m GBP13.7m 174% GBP32.7m
----------- -------------- -------- ---------------------
Investment GBP8.1m GBP4.9m 65% GBP7.0m
----------- -------------- -------- ---------------------
Pensions GBP56.8m GBP37.7m 51% GBP58.1m
----------- -------------- -------- ---------------------
SSAS/SIPP GBP6.1m GBP5.4m 13% GBP5.4m
----------- -------------- -------- ---------------------
NPT GBP1.4m GBP1.0m 40% GBP1.0m
----------- -------------- -------- ---------------------
Total Revenue GBP109.9m GBP62.7m 75% GBP104.2m
----------- -------------- -------- ---------------------
Adj. EBITDA(3) GBP27.4m GBP18.1m 51%
----------- -------------- -------- ---------------------
Total profit before
tax GBP11.4m GBP3.3m 245%
----------- -------------- -------- ---------------------
Basic EPS 5.1p 1.5p 240%
----------- -------------- -------- ---------------------
Adj. diluted EPS 9.8p 8.3p 18%
----------- -------------- -------- ---------------------
Full year dividend 6.6p 6.3p 5%
----------- -------------- -------- ---------------------
(1) 2018 restated for the disposal of the Healthcare business on 1 October 2018 and adoption of IFRS 15 - Revenue from contracts with customers
(2) Pro-forma for 2018 shows revenue as if the acquisition of the Punter Southall businesses had completed on 1 April 2017
(3) Adjusted measures exclude the impact of acquisition related amortisation,
Profit warning caused the drop
Thank you Teasy, here’s hoping it ain’t so bad!!
results are due this morning maybe there are rumours circulating?
Anyone know the reason of sharp drop in these? Just bought £2k, nothing seems to have changed
Looks like XPS is on its way with over a 11p SP rise in 8 days. Once it breaks 350 we are in a good direction, looks like they have sorted merger and new clients and are on the up!!
Hadn’t some good responses from XPS Directors and internally and things should bounce up to £2 within 3-6 months.
Pete,
Its now on my watch list after reading the latest RNSs.
Looks promising for 2019.
What is your view?
Come on does no one have XPS shares
No member of the Concert Party has so far accepted the Offer Maybe they intend to stay on as shareholders and benefit from PJs investment.
Lets hope it stays that way, unfortunately I did let them have some of my shares as I had bought in lower than the offer price and have received my money, but I am still holding some and I am quite happy to keep hold of these for quite some time, we both know PDJ will come back to the market at some point probably when he needs more money to expand the company. So here's hoping he doesn't get the 90%. Good luck all in whatever decisions you had to make.
"No member of the Concert Party has so far accepted the Offer. As at 3.00 p.m. on 28 March the aggregate interest of PDJ Bidco and the Concert Party in the Share Capital of Expansys was 87.81 per cent. and PDJ Bidco had received valid acceptances from Expansys Shareholders in respect of 70.40 per cent. of the shares the subject of the Offer. As published in the Increased and Final Offer Document, PDJ Bidco has applied for the cancellation of admission to trading of Expansys Shares on AIM and this is expected to take effect from 7.00 a.m. on 14 April 2014. Interests in relevant securities The interests (all of which are beneficial unless otherwise stated) of the PDJ Bidco Directors and their respective related parties, in relevant Expansys securities are as follows: Name: Peter Jones -- Number of Expansys Shares: [923,701,676] -- % of Expansys Shares [79.50]"
Further to our previous correspondence of 26th March 2014, as at 3.00pm on 28th March 2014, PDJ had received valid acceptances of the Offer in respect of approximately 70.4 percent of the shares subject to the offer. The aggregate interest of PDJ Bidco and the Concert Party was 87.81 percent. Subsequently, the Offer has been further extended. Please be advised that PDJ has almost received sufficient acceptances to exercise its rights pursuant to the provisions of Chapter 3, Part 28 of the Companies Act 2006 to acquire compulsorily the remaining Expansys shares on the same terms as the Offer, as such we are taking up the Offer on behalf of all our remaining shareholders unless advised otherwise. The Independent Directors of Expansys having been so advised by N Plus 1 Singer consider the terms of the Offer to be fair and reasonable and therefore unanimously recommend that Expansys shareholders accept the Offer. As the Offer has reached its required level of acceptances for the cancellation of the Expansys shares, and subject to any applicable requirements of the Alternative Investment Market (AIM) Rules, PDJ has procured the making of an application by Expansys to the London Stock Exchange (LSE) for the cancellation of trading of Expansys shares on AIM. The Cancellation is expected to take effect on 14th April 2014 with the last day of trading expected to be 11th April 2014. You should be aware that if you do not take up the offer and have not sold or otherwise transferred your shares prior to the cancellation of the listing you will not be able to sell or otherwise deal in them on AIM after that time. Before making any decision please take into consideration all relevant factors of the event including the current share price and any possible tax implications. If you require any further information in making your decision please contact an appropriate professional advisor. Please note that following our acceptance on your behalf, your shares will be removed from your account and will not be available for you to sell. Should you wish to find more information about the Offer, please visit the Expansys website, www.expansys.com/.
If don't accept the offer, I become a minority share holder in a de-listed company. Otherwise the share dealing company will sell the shares and transfer the money to my account. They don't receive any commission as I didn't sell before 09/04/2014.
PDJ Bidco Limited (PDJ) has announced a further extension of the recommended Cash Offer (Offer) for the entire issued and to be issued share capital of Expansys PLC (Expansys) on the following basis: 0.65 pence in cash for each Expansys share held. Please be advised that as PDJ Bidco has applied for the cancellation of Expansys from the Alternative Investment Market (AIM) shortly, we will take up the Offer on behalf of all our remaining shareholders. As a result we will not be communicating any further acceptances that may be issued by the Company. Should you not wish us to accept the Offer on your behalf and wish us to withdraw your holding as a certificate (usual charges will apply), please call our call centre before 9th April 2014 to advise us not to accept the offer on your behalf.
How come you can still buy shares in XPS I would have thought PJ would be trying to buy any that become available? Any ideas?
Last time they reported, PDJ had obtained 79% of all XPS shares. This is short of the 90% required to force a 'compulsory purchase' for all remaining shares, according to the "rules" of AIM (which are *supposedly* in place to protect, to some extent, shareholders investing in AIM companies - although, I'm not sure I, or many other XPS shareholders have felt very 'protected' from the effects of the strange goings on behind the scenes of XPS these past few years) The matter of being short of the 90% is presumably why the offer "deadline" was "extended" by so much. Ask yourself, if 90% wasn't the target, why bother extending the deadline? Clearly, for whatever reason, PDJ wants as many XPS shares as possible, and at as low a price as possible. So, anyway, PDJ, how close are you to 90% now? Go on, tell us! Drop us another scary RNS...